Post Top Ad

Thursday, May 17, 2018

Grab Has Only 35,000 Cars to Serve 600,000 Daily Bookings

Knowing the simple law of demand and supply, Grab officially announced the status quo on their ride-hailing service in the Philippines. And, according to them, this is one of the reasons why Grab passengers are having quite a hard time getting booked these days.

Grab Has Only 35,000 Cars to Serve 600,000 Daily Bookings

Grab has revealed that only 35,000 vehicles are available to serve about 600,000 daily passenger booking requests. Now, do the math.

As a recap, Grab Country Head Brian Cu explained that before it acquired Uber, Grab had served 60-65% of bookings with its 24,000 vehicles. On the other hand, its rival Uber had 19,000 vehicles with a success rate of 50 percent.

However, of the 19,000 active Uber vehicles, only 11,000 jumped to Grab, that is about 19% lesser cars to service the Filipinos. This is due to the 6,000 active Uber drivers who could no longer serve the riding public, as they were not part of LTFRB’s audited master list. As a result, only 53% of passengers are able to get a ride during off peak hours on their first booking attempt, and only 37% on average during peak hours.

“Driver numbers continue to drop as uncertainty in maintaining sustainable livelihood increases. With the recent suspension of P2 per minute fare, a lot of drivers and operators fear they won’t be able to provide for their families and car maintenance expenses,” Cu addressed.

Grab also said that their drivers aren’t picky, instead there are no available cars in the area.

“We need more cars to serve the riding public. We appeal to the LTFRB to allow the displaced 6,000 Uber drivers who are not part of the master list to continue driving with their chosen TNC in order to support the demand. With an average of 12 rides a day, this is already an additional 72,000 rides, which can help ease the plight of the riders,” Cu added.

What can you say about this ride-hailing drama in the country? Share your thoughts with us!